March 3, 2021

Telecom Egypt plans to launch Hybrid African Ring Path


ArabFinance: Telecom Egypt announces its plans to launch Hybrid African Ring Path (HARP) by 2023, a new subsea system that will outline the African continent, forming the shape of a harp, according to the company

It will connect coastal and landlocked African countries to Europe through the company’s widespread terrestrial and subsea infrastructure.

The system will connect Africa’s East and West bounds to Europe, from South Africa to Italy and France along the continent’s East Coast, and to Portugal along its West Coast.

Highly reliable terrestrial routes will connect the landing points within South Africa, Europe, and Egypt, forming a complete ring around the continent.

HARP’s planned routes will cross the Sinai Peninsula in Egypt, with multiple ring protection topologies, and will extend to include premium routes on both banks of the Suez Canal. Sharm Elsheikh, located at the southern tip of Sinai, will serve as a new landing point and will be connected to coastal cities on the Gulf of Suez, forming a hybrid terrestrial and subsea fiber connectivity solution between landing points in Egypt.

Telecom Egypt achieved a consolidated net profit of EGP 4.58 billion in 2020, compared to EGP 4.39 billion in 2019.

The company’s standalone profit stood at EGP 2.16 billion in 2020, compared to EGP 5.43 billion in 2019.

arabfinance


Categories : telecom

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